article thumbnail

15 Restaurant Metrics to Know and How To Use Them

7 Shifts

Ideal menu price. Your CoGSs is an essential number to have when determining your menu prices, inventory and impacts your net profit margin. It also plays a key factor in pricing your menu. Prime cost doesn't include equipment, utilities, marketing, or any other costs unrelated to creating what you sell to guests.

article thumbnail

A Kroger-Albertsons Merger Would Be Bad for Almost Everyone

EATER

Elijah Nouvelage/Getty Images Earlier this week, the FTC filed a lawsuit alleging that the deal would eliminate competition and raise grocery prices It’s likely that the place you shop for groceries every week is owned by one of two companies — Kroger, or Albertsons. In reality, mergers give these large companies the power to dictate prices.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How a New York City Restaurant Loses Money on a $14 Sandwich

EATER

Menu price: $14. There’s also paying the people who cook and serve it, owning and maintaining the equipment that enables them to do so, and, also the space in which to do it all in the first place. The price on the menu reflects the costs of operating the business; here’s how. Total cost to the restaurant: $14.80

article thumbnail

A Kroger-Albertsons Merger Would Be Bad for Almost Everyone

EATER

The coalition insists that this merger is an obvious monopoly that will lead to “store closures, thousands of lost jobs, and higher food prices.” How the Kroger-Albertsons merger would affect customers If the Kroger-Albertsons merger is completed, its critics say that grocery prices will increase due to diminished competition.

article thumbnail

Restaurant Industry Suppliers: Time to Retool and Realign

Aaron Allen & Associates

COVID accelerated shifts that were going on for quite some time affecting the supply chain and restaurant suppliers including food distributors, service companies, technology, equipment, and more. . Between 2015 and 2017, Chipotle had a series of foodborne illness outbreaks related to compromised food safety. in market cap. Sanitation.

article thumbnail

How I Got My Job: Building an Urban Beekeeping Business

EATER

There is so much heavy, back-breaking, sweaty work involved, and so many expenses, from insurance to heavy duty vehicles to gas to tolls to parking and beyond, that I have become immune to the complaining of those who constantly whinge about the price of the rooftop honey (which incidentally hasn’t gone up in 10 years).

article thumbnail

10 Alternative Foodservice Formats Impacting the Restaurant Industry

Aaron Allen & Associates

Since 2015, this segment has more than doubled its footprint, and interest in the format — which alleviates some operational risks and costs for operators — is not expected to slow down. Delivery-only (sometimes referred to as “dark kitchens” where there is no customer-facing location) represents about 3.5% In the U.K. In the U.S.,